If you're even somewhat active in the purchasing/selling space, I highly recommend you obtain your Real Estate license for the following reasons:- CE credit often overlaps and counts toward both licenses.

I'm hoping that some "big pocketed" Angelenos on this forum might know the answer ;)As an aside, while I'm of course grandfathered in the sense of not having to tear down my house, I'm relatively sure that you can not add any square footage or do major remodeling without adding a second spot, i.e. complying with current parking regulations.

If the inspection results indicate no major fixes are needed, it will have that going for it, plus it's located in a low crime area, and the target tenant for this kind of residence is less likely to trash the place (B+ neighborhood). 

That’s more about screening and your rental criteria (credit score etc) than about the fee. 

You have your loan, credit, finance information.You can use your credit card to pay for repairs.

I don't have great credit and it will be my first home purchase.

I had luck with local banks and credit unions.

Can anyone tell me how this might effect my personal credit.

I need major expertise - since I am still getting started in my real estate investing career.

Are you doing full background and credit checks on new tenants?